Banking Awareness :
Timeline in History of Banking in India
- First bank was established at Cacutta under European Management. : 1770
- General Bank of India was set up. : 1786
- Bank of Calcutta was established in 1806; it was renamed in 1809 as Bank of Bengal : 2 June 1806
- Bank of Bombay established : 15 April 1840
- Bank of Madras established : 1 July 1843
- Paper Currency Act was enacted by British Government of India : 1861
- Oldest Joint Stock bank of India named Bank of Upper India was established. : 1863
- Allahabad Bank was established. : 1865
- Oudh Commercial Bank, the first Bank of India with Limited Liability to be managed by Indian Board was established at Faizabad : 1881
- Punjab National Bank was established. It was first bank purely managed by Indians. : 1895
- Central Bank of India, first Indian commercial bank which was wholly owned and managed by Indians, was established. It was called First Truly Swadeshi bank : 1911
- Three presidency banks viz. Bank of Calcutta, Bank of Bombay and Bank of Madras amalgamated to form Imperial Bank of India : 1921
- Creation of Reserve bank of India : 1935
- Nationalization of Reserve Bank of India : 1949 (January )
- Enactment of Banking Regulation Act : 1949 (March)
- Nationalization of Imperial Bank of India, which now became State Bank of India : 1955
- Nationalization of SBI Subsidiaries : 1959
- Nationalization of 14 major Banks : 1969
- Creation of Credit Guarantee Corporation : 1971
- Creation of Regional Rural Banks : 1975
- Nationalization of 7 more banks with deposits over Rs. 200 Crore : 1980
